FROM
FALLING APART
TO FORWARD
THINKING

How the Rockefeller Foundation Modernized their Budgeting and Planning Process

“Promoting the well-being
of humanity throughout the world.”

Large global not-for-profit organization, based in US (New York)
with offices in Kenya (Nairobi), Italy (Bellagio) and Thailand (Bangkok)

HOW DID THEY KNOW THEIR
BUDGETING AND PLANNING SOLUTION
WAS FALLING APART?

THESE RED FLAGS:

Old on-premises solution
Isolated processes
Too many customizations required
Difficult and time-consuming maintenance
Slow and cube-centric process for data saving
Technical software support slowing
The system was at the end of its life
Poor assistance from vendor

IMPACTS OF THEIR BROKEN SYSTEM

Sluggish performance
Growing user frustration
Manual processes completed offline
Inconsistent data
Collaboration occured outside the system and totally untracked
Data errors
Poor assistance from the vendor

THEIR NEW MANTRA FOR
BUDGETING AND PLANNING?
KEEP IT SIMPLE

A web and Excel interface

To provide users of all skillsets a familiar layout that would simplify the learning curve.

Quick performance

To give users real-time data at their fingertips and packaged visualized reports that automatically update.

Multi-currency capabilities

To include foreign divisions into the BP&F processwith the ability to add more as they grow.

Cloud-based solution

To gain flexibility and become IT independent.

CCH TAGETIK TURNED THE ROCKEFELLER
FOUNDATION’S VISION INTO REALITY
How? Through...

Increased user activity
A friendly interface
The ability to drill-through to the ERP and GL
Built-in functionalities
No complex customization required
Timely month-end reports
Easy integration with different data sources
Collaboration across the organization
A cloud-based solution without
compromising capabilities

NOW,
THE ROCKEFELLER FOUNDATION’S
BUDGETING AND PLANNING PROCESS IS:

Forward-Thinking

With unified, collaborative processes
and a single data source, their finance team
is equipped with the tools to get a 360° view
across the organization, identify trends,
and make better business decisions.

PROGRESSIVE

CCH Tagetik gives finance the tools and
flexibility they need, out-of-the-box. No
more maintenance nightmares that
comes with custom scripts. No
customizations required to meet
consolidation needs.

IT INDEPENDENT

Their finance team is self-sufficient and
no longer has to rely on IT.

UP-TO-DATE

The Rockefeller Foundation benefits from
CCH Tagetik’s clear roadmap. Updates to
the system deploy on time and
automatically, without any IT intervention
needed.

FLEXIBLE

The solution can scale and adapt
as growth occurs.

WHAT’S NEXT FOR THE
ROCKEFELLER FOUNDATION?

Expand CCH Tagetik to include
multi-year planning

Use CCH Tagetik as the main source
of financial data across the organization.

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LEARN MORE ABOUT THE ROCKEFELLER FOUNDATION’S JOURNEY
TO MODERNIZED BUDGETING, PLANNING AND FORECASTING.

Listen to the short webinar with The Rockefeller Group’s Manager of Financial Reporting,
Irena DiMario to learn how The Rockefeller Group empowered the Office of the CFO,
improved data accuracy and BP&F flexibility.

On-Demand Webinar

CCH® Tagetik
Via Roosevelt 103
55100 Lucca
Italy

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FROM FALLING APART TO FORWARD THINKING